Saudi Arabia: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Saudi Arabia

In 2021, the Saudi vulcanised rubber mats market increased by 48% to $X, rising for the third year in a row after four years of decline. In general, consumption enjoyed a resilient expansion. Vulcanised rubber mats consumption peaked in 2021 and is expected to retain growth in years to come.

Vulcanised Rubber Mats Exports

Exports from Saudi Arabia

Vulcanised rubber mats exports from Saudi Arabia dropped notably to X tons in 2021, waning by -23.9% compared with the previous year's figure. Overall, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of 241%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber mats exports dropped rapidly to $X in 2021. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 114%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for vulcanised rubber mats exports from Saudi Arabia, with a 71% share of total exports. Moreover, vulcanised rubber mats exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X tons), threefold. Yemen (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +349.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+13.6% per year) and Yemen (-30.5% per year).

In value terms, the largest markets for vulcanised rubber mats exported from Saudi Arabia were Bahrain ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for 97% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +188.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average vulcanised rubber mats export price amounted to $X per ton, reducing by -11.5% against the previous year. In general, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 an increase of 58% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Saudi Arabia

In 2021, the amount of floor coverings and mats of vulcanised rubber imported into Saudi Arabia skyrocketed to X tons, jumping by 49% compared with the year before. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 70%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, vulcanised rubber mats imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of vulcanised rubber mats imports to Saudi Arabia, with a combined 75% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +36.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber mats suppliers to Saudi Arabia were China ($X), Thailand ($X) and India ($X), together accounting for 67% of total imports. The United States, the United Arab Emirates, Canada, Malaysia, Germany and Egypt lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +33.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vulcanised rubber mats import price stood at $X per ton in 2021, standing approx. at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 an increase of 64% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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